Both Cost Leadership and Differentiated Firms Can Improve on Execution

question 66

Multiple Choice

Both cost leadership and differentiated firms can improve on execution through:

• A)Improved automation and a higher output of products.
• B)Benchmarking and total quality management.
• C)Cost cutting and downsizing of personnel.
• D)Emphasis on research and product development.
• E)None of the above.

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Definitions:

Non-Unionized

Refers to workplaces or segments of the labor market where workers are not members of a labor union and do not have collective bargaining rights.

Low-Skilled

Referring to jobs or workers with minimal specialized training or education required, often characterized by lower wages.

Seasonal

Relating to or occurring at specific times of the year, often influenced by changes in weather, climate, or cultural events.

Agricultural Labour

Work involved in cultivating crops and livestock, often characterized by physical labor and seasonal employment in rural areas.